Global Air Care Market to reach USD 11,741.5 Million in 2021, Asia Pacific Projected to be Most Attractive Regional Market

Transparency Market Research has published a new market report titled “Air Care Market (By Types – Electric air fresheners, Candle air fresheners, Liquid air fresheners, Gel air fresheners, Spray/aerosol air fresheners and Others, By Distribution Channel – Retail and Business to Business) – Global Industry Analysis, Size, Share, Growth, Trends and Estimate, 2015 – 2021,” the market in terms of revenue was valued at USD 9,868.6 Million in 2014, which is anticipated to reach USD 11,741.5 Million by 2021, growing at a CAGR of 2.6% from 2015 to 2021.

Air care market is rising significantly due to the increasing consumer concerns about aesthetic qualities of air care products, globally. Moreover, odor eliminator is one of the other factors for air care market. Due to the lack of awareness, air care market is still in its early stage in developing countries. However, this market is anticipated to grow in coming years due to rising living standards and increasing awareness.

In terms of revenue, Europe grips the major market share trailed by North America. However, in 2021 Asia Pacific will be the major market for air care market trailed by Europe. Europe is anticipated to be the largest market for air care market in 2014. Europe is anticipated to be the largest regional market for air care, accounting for more than 34.4% during the estimate period. Russia is projected to be the most attractive regional market for air care during the estimate period. The country accounted for major share of the air care market in Europe in 2014. U.K. dominated the air care market in Europe in 2014 and is anticipated to continue to dominate the market even during the estimate period of 2015 – 2021. The U.K. market was followed by France and Russia, respectively, in 2014. Europe is estimated to be the largest market for air care market in 2014. The U.K., France, and Germany are the main contributors to the air care market in Europe.

The air care market in North America is projected to expand significantly during the estimate period. U.S. was the major consumer of Air Care in 2014. North America holds the second largest market for air care product in 2014. The rise in demand for spray/aerosol air fresheners and electric air fresheners in the U.S and Canada is anticipated to drive the growth of the air care market in North America. In addition, currently, the major contributors to this market are the U.S. and Canada, wherein the usage of air care products is comparatively high. Moreover, The U.S. dominated the air care market in North America in 2014 and is anticipated to be the same during the estimate period of 2015 – 2021.

In Asia Pacific, Japan held the major share of the air care market in 2014, and is anticipated to lead the market during the estimate period as well. In addition, increasing disposable income of the consumers in the region is the major factor that is anticipated to drive the growth of the air care market in Asia Pacific during the estimate period of 2015 – 2021. Moreover, growing demand in developing countries, such as India and China, is the major factor that is anticipated to drive the growth of the air care products market during the estimate period. The Rest of Asia Pacific includes countries such as North Korea, Israel, Pakistan, Thailand, and others. Most of the countries in this region are either developing or under developed. Therefore, the demand in this region is currently negligible and by the end of the estimate period, the region is anticipated to witness significant growth. The Rest of Asia Pacific is anticipated to grow at a CAGR of 3.4% during the estimate period of 2015 – 2021. Rise in demand for air freshener products in the developing economies in Rest of Asia Pacific is the major factor that is driving the growth of the air care market in the region.

Rest of the World (RoW) includes regions such as Middle East, Latin America, and others. Brazil is an untapped market and is anticipated to offer significant growth opportunities for manufacturers during the estimate period. Currently, the high rise in pollution and dust levels is driving the growth of the air care market in the RoW region. In the Rest of the World region, Latin America is one of the largest markets for air care market, and the region is anticipated to continue to dominate the market during the estimate period as well. Increasing disposable income of the population in Latin America is increasing the demand for air care market. This has positively affected the growth of the air care market in Latin America.

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